Enablers of the Housing Bubble – … This is why I have always thought that the argument that “Fannie and Freddie did it” is a non-starter. Two reasons:  1.  Loans owned by Fannie and Freddie can be a problem for the government, but they are not a [...]

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Another great video:  Attack of the FHA loan files?

Most of the United States begins Daylight Saving Time at 2:00 a.m. on the second Sunday in March and reverts to standard time on the first Sunday in November. So by my calculations, that means that this Sunday here in the U.S. most of us “fall back” [...]

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While the U.S. push for covered bonds as a funding source remains stalled (since 2007), Canada is moving ahead. The Royal Bank of Canada has just made history with its first issuance of covered bonds denominated in Canadian dollars (instead of euros) — and was greeted with such enthusiasm from investors that it decided [...]

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To Our Clients, Colleagues and Friends,  

Some banks are doing just fine.  The $1.1 billion Bank of Marin ( Marin , California ) just repaid its TARP money, showed a nice third quarter profit, and raised its dividend.  It doesn’t get much better than this.  Not these days.

Don Brown of Secondary Interactive sent us a chart [...]

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